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Condensed Consolidated Interim Balance Sheets (USD $)
Jun. 30, 2011
Dec. 31, 2010
Current Assets    
Cash $ 11,514,486 $ 655,022
Trade receivables 322,738 248,061
Inventories 394,437 240,965
Prepaid rent 528,225 386,718
Deferred financing costs 0 215,302
Other current assets 408,442 81,631
Total current assets 13,168,328 1,827,699
Property and equipment, net 9,396,764 8,784,505
Other Assets    
Deferred tax asset 4,773,500 0
Restricted Cash 605,000 30,000
Intangible assets, net 402,997 429,238
Deposits 280,612 276,513
Other 69,469 35,951
Total other assets 6,131,578 771,702
TOTAL ASSETS 28,696,670 11,383,906
Current liabilities    
Accounts payable and accrued expenses 1,694,499 2,615,481
Payroll liabilities 200,191 141,337
Sales tax payable 69,639 47,580
Gift cards and certificates outstanding 124,430 120,002
Total current liabilities 2,088,759 2,924,400
Long-term liabilities    
Deferred rent 2,210,755 1,863,243
Payable to related parties pursuant to tax receivable agreement 2,386,750 0
TOTAL LIABILTIES 6,686,264 4,787,643
Members' equity 0 6,596,263
Stockholders' equity    
Preferred stock, $.0001 par value; 1,000,000 shares authorized; 390,000 shares issued and outstanding at June 30, 2011 39 0
Common stock, $.0001 par value; 100,000,000 shares authorized; 7,100,469 shares issued, 5,505,885 outstanding at June 30, 2011 710 0
Additional paid-in capital 30,297,103 0
Accumulated deficit (851,054) 0
Treasury stock, at cost (15,913,948) 0
Total 57th Street General Acquisition Corp. stockholders' equity 13,532,850 0
Non-controlling interest 8,477,556 0
TOTAL STOCKHOLDERS' EQUITY 22,010,406 0
TOTAL STOCKHOLDERS' EQUITY AND LIABILITIES $ 28,696,670 $ 11,383,906